STATE COMPENSATION INSURANCE FUND
BOARD OF DIRECTORS

BOARD OF DIRECTORS MEETING

Action/Lawrence Mulryan

Consent Calendar¹

Board Member Training Opportunities and Approval of Planned Board Member Training

Appointment of Vera C. De Martini as Assistant Corporate Secretary

Information/Dan Sevilla

Information/Peter Guastamachio

Information/Peter Guastamachio and Conning Asset Management~ Rich Sega and Paul Mansour

Action/Stephanie Chan

Information/Andreas Acker

Approval of Code of Conduct, Business Ethics and Incompatible Activities Policies

Information/Francis Quinlan

Information/Michael Machado

Information/Lawrence Mulryan

Public Comment on Appropriateness of Closed Session for Items 16 through 22

March 17, 2011 @ 5:00 p.m.
Milton Marks Conference Center, Benicia Room, 455 Golden Gate Avenue, S.F.

Action/Lawrence Mulryan

Information/Carol Newman, Suzanne Ah-Tye

Pending and Potential Litigation
[Government Code sections 11126(e), (j)(4)]

CASE, et al. vs. Arnold Schwarzenegger, et al.; In the Supreme Court of the State of California, S182581

SEIU Local 1000, et al. vs. Arnold Schwarzenegger, et al.;Court of Appeal, First Appellate District, Division 2, A126525

State Compensation Insurance Fund vs. Metropolitan West Securities, LLC and Wachovia Bank, N.A.; U.S. District Court, Northern District of California, Case No. 09-2959

 In the Matter of Jeffrey L Silverman, Faye J. Silverman, Debtors; State Compensation Insurance Fund vs. Nancy Hoffmeier Zamora, Chapter 7 Trustee, Ninth Circuit Court of Appeals No. 08-56508;
U.S. District Court for Central California, Los Angeles No. 2:08-cv-09311 VBF; U.S. Supreme Court No. 10-796

State Compensation Insurance Fund vs. WCAB (Hancock) (2010) 75 Cal. Comp. Cases 1336; 2010 Cal.Wrk.Comp. LEXIS 254 (3rd District Court of Appeal, unpublished); C064985

State Compensation Insurance Fund vs. WCAB (Romero), B224825
(2nd District Court of Appeal, pending)

State Compensation Insurance Fund vs. F. D. De Leon & Associates, et al.;
Los Angeles Superior Court No. BC444757           

William Francis Flahavan, et al., vs. State Compensation Insurance Fund;
San Francisco Superior Court No. CGC-05-446016; First District Court of Appeal No. A128280           

Jack Hablian, et al. vs. Zurich U.S., et al.; Van Nuys WCAB Case Nos. VNO 0425788, et al.          

California Shock Trauma Air Rescue vs. State Compensation Insurance Fund,
et al.; U.S. District Court, Eastern District of CA Case No. 2:09-CV-00090;
Solano Superior Court No. FCS036792

REACH Air Medical Services, LLC vs. State Compensation Insurance Fund,
et al.; Sonoma Superior Court No. SCV248535           

Information/Tom Rowe

Update on the Strategic Plan
[Government Code sections 11126(e), (j)(4)]       

Information/ Lawrence Mulryan,
Tom Rowe

Personnel Matters
[Government Code sections 11126(a), (j)(4)]       

Review of President and Exempt Executives 2010 Performance Against Objectives             

Overview of Exempt and Leadership Positions and Performance Expectations             

March 18, 2011 @ 8:30 a.m.
OMNI Hotel, Union Square Room, 500 California Street, S.F.

Information/Ken Van Laar

Proposed Changes to State Fund’s Rating Plan for WC and USL&H
[Government Code section 11126(j)(4)]

Report on Reserves and Loss Adjustment Expense
[Government Code section 11126(j)(4)]

Information/Julie Jenkinson,
Beatriz Sanchez

Update on Claims Strategic Optimization Plan
[Government Code sections 11126(e), (j)(4)]

Information/Francis Quinlan

Significant Open Audits Report
[Government Code sections 11126(j)(2), (3) and (4)]

March 18, 2011 @ 11:30 a.m. or upon adjournment or recess of the Closed Session, whichever is later.
OMNI Hotel, Union Square Room, 500 California Street, S.F.

Action/Lawrence Mulryan

President and Exempt Executives Employment Terms, Conditions and Compensation

¹Items on the Consent Calendar include routine actions or matters already considered by a committee of the Board and will be enacted by one motion and one vote. There will be no separate discussion of these items unless a Board Member or the public so requests. It is in the Board’s discretion to remove items already considered by a committee of the Board from the Consent Calendar. Any item removed from the Consent Calendar will be considered in its normal sequence on the agenda. If you wish to have an item removed from the Consent Calendar, please submit a speaker card or make your request at the time the Board Chairperson asks if any member of the public wishes to remove an item from consent. After an item, if any, removed from the Consent Calendar has been discussed, the Board will vote to approve all items remaining on the Consent Calendar.

Note: Items designated for information are appropriate for Board/Committee action if the Board/Committee wishes to take action. Any agenda item from a properly noticed Committee meeting held immediately prior to this Board meeting may be considered by the Board. Agenda items may be taken out of order with the approval of the Chairperson. Public comment will be limited to three (3) minutes per speaker and ten (10) minutes per subject item.